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A British watchdog hit the iconic but controversial Wall Street bank Goldman Sachs with a huge fine of 17.5 million pounds in a statement on Thursday, for information failures tied to US fraud charges. The Financial Services Authority said the fine, equivalent to 21 million euros, was for "weaknesses in controls resulting in failure to provide FSA with appropriate ...

In the past two months, there's been a big difference between what folks think "should" be happening in the commodity markets and what actually "is" happening. It centers on the copper market. While you can barely watch a minute of financial television without hearing about horrid unemployment ...

The US economic recovery is showing "widespread" signs of slowing, the US Federal Reserve warned Wednesday, as it gears up for a key policy meeting later this month. The central bank reported "continued growth in national economic activity" between mid-July and the end of August, "but with widespread signs of a deceleration." The latest Beige Book report, an economic survey ...

Britain's financial watchdog has hit Wall Street bank Goldman Sachs with a 20-million-pound (31-million-dollar, 24-million-euro) fine linked to US fraud charges, a report said Wednesday. The Financial Services Authority (FSA) fined the banking giant for failing to disclose it was under investigation for fraud by the US financial watchdog earlier this year, the BBC reported, without citing its sources ...

The country's financial watchdog has hit Wall Street bank Goldman Sachs with a 20-million-pound fine linked to US fraud charges, a report said Wednesday. The Financial Services Authority (FSA) fined the banking giant for failing to disclose it was under investigation for fraud by the US financial watchdog earlier this year, the BBC reported, without citing its sources. The ...

Job openings rose in July after two months of declines, a positive sign that companies could step up hiring in the coming months. The Labor Department says the number of jobs advertised rose by 6.2 percent to 3.04 million. That's the highest total ...

Sweden and Finland, posting soaring economic growth on Wednesday, appear to be making a spectacular recovery from the deep recession their export-reliant economies experienced during the global financial crisis. "It's pretty fair to say that the sun is shining over the Swedish economy currently," Swedish Finance Minister told reporters after the latest figures were published. Economic growth in the ...

Canada's central bank has raised interest rates for the third consecutive time. The Bank of Canada increased its key interest rate on Wednesday by a quarter point to 1 percent. In June, Canada became the first Group of Seven nation to raise ...

NEW YORK (Reuters) - U.S. employers were more aggressive about cutting jobs and otherwise lowering costs during the recession than their peers in other parts of the world, according to a global study by Towers Watson and Co , a global consultancy and professional services firm. About 61 percent of U.S. employers told a survey they took four or more ...